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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Bill Jackson who wrote (90765)	10/27/2002 9:09:06 PM
From: Richnorth	Read Replies (1) of 116779

Definitely not! I may be wrong but I doubt very much if the Chinese would be foolish enough to spoil their emergence as a world power. Besides they are quite easy to fix, if need be. The geography of their country makes them highly vulnerable. Seems they are counting a lot of their 3-Gorge Dam project to power their industries in the foreseeable future. Just one nuke in that area with radioactive fallout could neutralize one hell of a lot of them in a jiffy. By the way, a time was when there was a morbid fear of the Yellow Peril or Red Commies ---- even at the time when they were so "primitive". For any number of reasons, both understandable and inexplicable, the West made a formidable monster out of Red China. John Foster Dulles refused to shake the proffered hand of Chou En Lai. It was only after Nixon's visit to chat with Mao that the Chinese was seen to be a paper-tiger! Since then droves of American businessmen and politicians have been flocking to China to kiss ass. China is now seen to be a cheap labour pool that produces goods inexpensively and this helps to a certain extent in keeping inflation down in the US much to the benefit of all including postponing the Day of Reckoning. No, I don't think China would be stupid enough to team up with Saddam. If anything, I believe it would like to be #1 in its own sphere of influence --- in Asia in particular! We don't hear too much about the Japanese defence and attack capability. But I think they are not unprepared. I think North Korea has been exploiting to the hilt the fear and concern of the West regarding its nuclear capability. The North Koreans are resorting to some form of blackmail. Like the Chinese, I think they are also quite easy to fix. It is quite remarkable that the Chinese who had been bullied and exploited by the West for more than 200 years are now making the world sit up and take notice of them as a formidable force to reckon with, politically and economically. I repeat I don't think they will want to spoil their emergence as a world power like what the ego-maniacal Japanese militarists in 1941 did. The Chinese are a very pragmatic people and they know their limitations. (Remember they were a civilised people when Europeans were still clad in loincloths and had no printing presses and paper money and fireworks and no sanitary canals.) If folks don't agree with my assessment, it may be because the Cold War propaganda (largely discredited by now) against the Red Commies is still etched in their psyche and they still look on the Chinese as "immoral" Chinamen that their gramps and great-gramps thought they were about 100 years ago

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